Kenneth Stevens Custom Homes Acquires Single Family Property In Weston, MA For $3.5M
16 Driftwood Lane, Weston, MA, USA
$3,500,000
$453/SF
Building Size
7,714 SF
Asset Type
Single Family Residence
Closing
Apr 1, 2021
AI
A single-family home located at 16 Driftwood Ln in Weston, MA recently sold for a price of $3,500,000. The property spans 7,714 square feet and sits on a generous 2.15-acre lot. This transaction reflects a price per square foot of $454 and a price per acre of $1,627,906. The sale took place on April 2, 2021.
Summary of transation details
- Property Type: Single Family
- Transaction Amount: $3,500,000
- Address: 16 Driftwood Ln, Weston, MA
- Market: Weston, MA
- Square Footage: 7,714
- Price per Square Foot: $454
- Acreage: 2.15
- Price per Acre: $1,627,906
The sellers of the property were David Ortiz and Tiffany Ortiz. On the buyer's side, Kenneth Stevens of Kenneth Stevens Custom Homes and Deborah Stevens acquired the home. The sale was facilitated by Melissa Dailey and Kathryn Alphas Richlen of Coldwell Banker Realty, who represented both parties in the transaction.
Players
Weston Single Family Residence Market Snapshot
Boundary boundary · Single Family Residence · Sale transactions
Loading comparables…
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
4.53%
Cash-on-Cash
-1.30%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93